Optimism Lifts Stocks Higher

Monday, stocks closed little changed in Asia but gained 1.2% in Europe and 1.7% in the U.S. on 11B shares traded. The 10-Year U.S. Treasury bond yield rose 3% to close at 2.86. Precious metals gained about 1%. Apple and IBM closed above their respective 140 and 130 benchmarks.

Tuesday, stocks fell 1.3% in Asia, 1.0% in Europe, and 0.3% in the U.S. on 11B shares traded. The 10-Year U.S. Treasury bond yield fell 3% to close at 2.76. Precious metals gained about 1%, and their miners rose about twice that amount.

Wednesday, stocks rose slightly in Asia, gained 0.7% in Europe, and 0.8% in the U.S. on 11B shares traded. The Dow Jones Industrial Average closed above the 32,000 level. Investors found light at the end of the tunnel in the FOMC minutes.

Thursday, stocks fell slightly in Asia, rose 0.7% in Europe, and rallied 1.6% in the U.S. on 11B shares traded. The S&P 500 Index closed above the 4000 level.

Friday, stocks shot up 2.1% in Asia, 1.5% in Europe, and 1.8% in the U.S. on 11B shares traded. The VIX fell 6% to close at 25.72. The Dow, NASDAQ, and S&P 500, close above their 33,000, 12,000, and 4100 benchmarks respectively. And finally, perhaps justice will be served over onerous flu shot mandates https://www.zerohedge.com/covid-19/18-major-airlines-faa-and-dot-be-sued-over-covid-vaccine-mandates

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